Rangers chief King should of­fer up £11m, judge is told

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The Herald - - FRONT PAGE -

JAMES MULHOLLAND

told Lord Ban­natyne that on De­cem­ber 31 2014, the “three bears” pur­chased 16.23 per cent of shares in Rangers.

The lawyer then said that Mr King in­structed that 14.73 per cent of the shares in Rangers be pur­chased.

Mr King was said to have told the fi­nan­cial in­ves­ti­ga­tors that the 14 per cent of the shares were con­trolled a com­pany called New Oa­sis As­set Man­age­ment Lim­ited which was reg­is­tered in the Bri­tish Virgin Islands.

Mr King al­legedly told in­ves­ti­ga­tors that th­ese shares were pur­chased us­ing money from his fam­ily trust.

The busi­ness­man said the com­pany was

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